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Bitcoin jumps into after 4pm London fix

The US equity markets might have come off the boil but not so Bitcoin. The lead cryptocurrency has surged this afternoon. rising above 61k into and after the 4pm London FX fix. The move higher has extended above both the noted 50 and 100 day moving averages. The high seen so far has been set at 61,337 and it is not far off that high just now, currently trading at 61,120. The next important level from here on is the 200 day moving average and that is in place right now at 63,927 

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